Bloomberg reported that former US President and Republican presidential candidate Donald Trump reiterated that if he is re-elected on November 5th, he will significantly reduce US interest rates, but did not elaborate on any policy measures.

He made the remarks in response to a question from the audience about housing affordability at a town hall event in Lancaster, Pennsylvania.

"We want to greatly reduce interest rates and there's one more thing - interest rates, you can't even borrow money now," he said.